Competitive Bid / Sale
A method of selling bonds in which one or more underwriters submit proposals for the purchase of the bonds.
The sale of a New Issue of Bonds by an Issuer through an exclusive agreement with an Underwriter or Underwriting Syndicate selected by the Issuer. A Negotiated Sale is distinguished from a Competitive Sale, which involves a public bidding process for the purchase of the Bonds.
Learn about over various terms and concepts that may arise while preparing a bond issue.
A method of selling bonds in which one or more underwriters submit proposals for the purchase of the bonds.
A national credit agency providing an independent appraisal of the credit quality of the Issuer, the conduit borrower, if any, and/or the bond issue.